business
Carney's Second Budget to Be Unveiled Thursday Amid U.S. Trade Tensions
Carney's second budget is expected to include affordability measures and business tax incentives, despite U.S. trade tensions.
Key points
- The federal budget is expected to include affordability measures, business tax incentives and new infrastructure investment.
- The CFIB wants the small business corporate tax rate cut from nine per cent to six per cent.
- The Council of Canadian Innovators wants a tax credit similar to a U.S. small business incentive for tech firms.
Why it matters. The budget's business tax measures could shape how small firms and technology companies operate in Canada as the U.S. trade dispute continues.
Prime Minister Mark Carney's second budget is expected to include new affordability measures, business tax incentives and new investments in infrastructure, defence and culture, the source said. Theo Argitis, senior vice-president of policy at the Business Council of Canada, said the impact of the U.S.-Canada trade dispute is already largely baked in.
Latest updates
Carney's Second Budget to Be Unveiled Thursday Amid U.S. Trade Tensions
Prime Minister Mark Carney's second budget is scheduled to be unveiled on Thursday. The government has said the budget will include new affordability measures for households. It will also contain business tax incentives. The fiscal plan comes as Canada contends with a trade war with the United States and broader economic uncertainty. Further details, including the fiscal deficit and spending figures, are expected when the budget is tabled.